Hedge fund billionaire Ken Griffin has warned that the ‘surging’ US national debt is a ‘growing concern that cannot be overlooked.’
Griffin, who founded and runs Miami-based hedge fund firm Citadel – which had a key role in the Gamestop share frenzy – sounded the alarm in a year-end letter to investors released this week.
‘We must stop borrowing at the expense of future generations,’ he wrote.
The national debt is currently above $34.6 trillion and growing, after crossing over the $34 trillion mark at the beginning of this year.
It comes after fellow hedge fund manager Paul Tudor Jones warned earlier this year that a ‘debt bomb’ is on the verge of exploding in the US – and grim…
